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questions after his speech. let's listen in. >> japan, of course, is the first modern economy to be trapped at the zero bound. interest rates close to zero. their experience foreshadowed the global financial crisis of 2008. the japanese had a stock market booming bust and a property boom and bust together which was roughly double the size, proportionally speaking, to the united states. it was a major shock to the economy. they have responded to it to a variety of tools. i think a couple things that we learned from watching their experience and troubles and difficulties they have been through and to that i would point to that we have tried to learn from them, the first is, aggressiveness, early aggressiveness of monetary policy. what we learned from japan is we learned from the 1930s. once you have a deflation, prices dropping, prices and wages are dropping, they can be very very hard to get out of that. there is a lot of downward pressure on the economy. we were very aggressive early on in the united states to avoid deflation and we have maintained inflation close to our 2% target which is
to average americans, the economy. let's run this through the spin cycle. i think this is a double-edge sword. on the one hand, this election is about the economy. and regardless of how tempting foreign policy is right now, come election day, voters care most about the economy. that's true i think every year. we know this from 2004. which was supposed to be an election on foreign policy and still exit polls showed most voters cared about the economy. so i think the advisors who want him to stay on message about the economy are right. however, the other side to this, and i guess i'm arguing two points here, the other side to this is, there are areas to exploit. obama's foreign policy has been whitewashed by his defenders and i think there are people on the right in the middle and honest people on the left who would be outraged to hear a little bit more about obama's failed promises. the problem mitt romney is going to have, he has to come at foreign policy from the left and right. that's tricky. from the right, he needs to talk about obama's policy of open hands versus clenched fists, have see
trying to explain why he is pumping even more money into the economy. connell: the supreme court back to work today. whether your cell phone data is protected under the fourth amendment. judge andrew napolitano coming up. dagen: costing apple billionths. connell: let's start with nicole petallides. nicole: looking pretty good here today. we see the dow is up more than 1%. the s&p up nearly 1%. the text -- tech heavy nasdaq up. this was after three months of contraction. that was some good news there. another thing helping things along -- the dollar is lower, the euro is higher. you are seeing just about every name in the dow with an up arrow. i want you to take a book here at macy's. they will higher 80,000 for the seasonal. kohls, amazon, toys "r" us, just to name a few. dagen: host chris wallace had a little trouble getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go throug
private enterprise to grow the economy. the other, his version of president obama's view is that government is still in control of everything. the challenge for governor romney and the debate on wednesday is going to be fully articulate his vision for america's future to the largest audience of his political career. >> we need to give the american people the choice we are offering. that is what we are offering. we owe the country a very clear choice of a different future. we can have a dynamic growing economy that produces opportunity or we can have a stagnant opportunity that fosters dependency. >> romney campaign is looking for a solid performance, no knock outs which the governor has become famous for. he has been avoiding those since he tried to make the with governor perry. >> what is the word on the foreign policy message for romney? >> the governor has an op-ed in the "wall street journal" saying of president obama, by failing to maintain our new, president obama has heightened the instability. he does not understand that an american policy that lacks resolve can p
system? >> i think that is an important question, especially for our economy. i want to point out one thing. she posed for sequestration and now says it will not happen. can you imagine that kind of leadership? she goes for the fiscal cliff and now she says it will not happen. let's talk about education. this is the problem i see. we have a department of education in washington. they have 3500 employees that make over $100,000 a year. they are dictating to the school district how to do their jobs. i think that is a shame and it is wrong. i am not talking about closing down the department of education. i have never said that and never will. can we reduce the size of that department of education and get that money down to the school district? i believe the best education for children in nevada comes between parents, teachers, and principles. -- principals. those are who should be making the decisions. >> if i could quickly comment. my opponent mentioned my vote on sequestration. just a few questions ago, he said he voted to end medicare by turning it over to private insurance companies
how we're worried in that stagnant obama economy more people are becoming dependent on economy. >> what could be better for the emotional stability of a presidential candidate than your running mate calling you inarticulate? never mind. paul ryan is the one key numbers guy. so let's hear him explain the tax policy. >> the cut in tax rates is lower -- all american tax rates -- >> how much does it cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. the first half, lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all the math. >> all right. you know what, mitt? you better put paul ryan away somewhere. send him to a sports bar somewhere in ohio. at least he can have a few beers with voters. he's got that going for him. who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not b
of terrorism. while some romney advisers argue they should keep their focus on the economy, politico says plans are in the works for mitt romney to deliver a major foreign policy speech shortly after wednesday's debate. what do you think of that? you think he should do that? >> yes. i think, as i said, right after the killing, that wasn't the time to talk about this. >> right. >> now is the time, several weeks later, to talk about it. john heilemann, the lead in "the new york times," mistake in faith and security seen at libya mission before benghazi raid. response to the june bomb raised confidence in local guards. this benghazi story is an absolute mess. i think -- i've heard stuart stevens as saying let's focus on the economy. i think stuart stevens is exactly right. americans don't care as much in the polls about foreign policy. but several weeks later after this, i think it's very legitimate now that the press is going in and a couple of weeks have passed since the ambassador's death, now, yes. i mean, he's got a responsibility to talk about how badly the white house bungled this. >> i thi
. specifically he made the case then right or wrong that he was a better steward of the economy than john mccain in troubled times. romney's got to make that case in 2012. >> little different when you're running against an incumbent. right? there's not a direct parallel there. >> look at the transcript. he was running against president bush. that these set of economic policies are wrong and i have a compelling vision. whether he can do that is another story. >> your colleague e.j. deion wrote journalists are in search of defining moments and game changers. by this standard, romney needs to game changer. obama can live quite happily without one. so do you think that mitt romney needs to have a big moment or if he is perceived to have won will at least give republicans some momentum. is that really the most reasonable thing to hope for? >> well, certainly it will. if the race were sort of fixed in time right now, everybody assumes that obama would win. in many ways that's happening because of early voting all right. so romney needs to change the trajectory in some way. now, that washington pos
. the first half, jobs and the economy. the second half, health care and other domestic issues. david? >> david kerley in washington tonight. david, thanks very much. >>> i want to bring in abc news political analyst matt dowd who has advised both republican and democratic campaigns. matt, as always, it's great to have you with us. >> great to be here, david. >> you have three things for everyone to watch for. one of the things you point out, body language could have a bigger impact than words, and we remember al gore, george bush and jon stewart having a field day with those sighs. >> i've had a record of that in texas. >> as if the sighing weren't bad enough, gore's behavior got worse. [ laughter ] >> in that same year we remember that moment when al gore got up, walked over towards then governor bush, and this was his reaction. >> trying to get things done, and i believe i can. [ laughter ] >> famous moment. years prior there was president h.w. bush checking his watch at the debates. these have become famous moments. are these debate prep teams telling their candidates, this is wha
be very interesting. >> jobs, economy, health care, et cetera. >> they will have a suitcase full of zingers preparred to just hurl back and forth at each other. >> i thought that it was interesting, the expectations, people expect, president obama, by 2-1 to win the election. not that they're endorsing. if you look at just a year ago, by an 18-point margin, thought the president would lose. just in a matter of one year. >> expect him to win the debate convincingly as well. see what happens. when it comes to the race. it's much closer. when it comes to the race. shows the mitt romney at 49 losing to obama with 47. much closer in that regard. >> so the first one wednesday. then we have two more coming up. biggest one no doubt. >> 36 days to go. >> 36 days to go. my goodness. >> not that we are counting. >>> as the the war in afghanistan winds down, the u.s. military reached a grim new milestone. 2,000 service members have now died in the war. the latest casualty, it was over the weekend when a soldier died in a fire fight with afghan troops. an american civilian contractor was also
are busy cramming ahead of wednesday night's face-off which will put a focus on jobs and the economy. it is monday, october 1st. >> announcer: from abc news, this is "world news now." >>> good monday morning, everybody. i'm paula faris. >> i'm john muller. i threw my scripts in the garbage had to fish them back out. that's strange. >> an indicator of the kind of monday we are having. >> rob nelson is off this morning. we well have debate preparation and predictions coming up. >>> this half-hour, a solemn moment in the longest war, u.s. troop deaths in afghanistan have reached a grim milestone. >> then, eye-popping new numbers about kids and television. you are going to be surprised just how many hours they take in every day, even babies glued to the tube. and you know, i know in our home it's on just as background as well. >> i watched so much tv. so when i see the reports i say, i seem to be doing all right. >> well, you know. >> yeah, may be debatable. later, if it is monday morning must be time to recap nfl sunday action along with how we did with our picks. paula is rocking by th
about washington but what our economy feels and looks like. the country is traumatized by recent economic events and that hopelessness is benefiting the candidate who brought a campaign message of hope four years ago. >> many people think the president count do that much? >> the president and congress and they are not sure any idea right now is the one or the set of one ideas to transform our economy from a low-lying recovery to something that's a more competitive economy. >> major garrett, he's brilliant. thank you very much. last night "60 minutes" also showed us lesley stahl's revealing interview with arnold schwarzenegger. here's how he described the day his wife maria shriver confronted him about his affair with the family housekeeper and the child they had together. >> maria wants to have a meeting with your marriage counselor. tell us about that meeting. >> that particular visit that you talk about was the visit where she then said hey, i think joseph is your kid. and is he or not. i said you're absolutely correct. and i had to face up to that, which i have been kind of hi
of the economy we have seen over the past few years. yet the latest polls show the race in nevada is neck and neck and that is causing -- ed henry live in vegas. hey, ed. >> the president -- they are calling it debate camp in henderson. 20 miles from where i am right now it's an opulent resort known as lake las vegas that is symbol i of the boom and bust. that whole lake las vegas resort where the president is doing his debate prep. it's modeled after an italian village. it went bankrupt the last few years. it's now sort of coming back and the president is hoping that is a microcosm that he's pushing this recovery along slowly, not just mere in nevada but all along the country. it's interesting to hear john roberts about chris christie raising expectations for mitt romney. the president at a rally in vegas last night tried to do just the opposite and lower expectations. >> i know folks in the media are speculating already on who is going to have the best zinger. [you are [. >> i don't know about that. who's going to put the most points on the board [crowd shouts "you are"] no, governor ro
. >> reporter: assaulting our senses, our economy, and our health. jim avila, abc news, lake petenwell, wisconsin. >> that is nasty stuff. >> oh, that's an understand statement, but the wisconsin department of natural resources says the best way to treat this is naturally, but they say it could take several years to get rid of it completely. in fact, there was a large amount of -- lake erie, almost a third of the surface, covered. >> cut big time into the fishing industry there. apparently it's in more or less every state. peaks august through september. nearly every state in the union. clearly really bad there. in the great lakes area. >> scientific term, cyano bacteria. >> yeah. >> cyano meaning green for blue? >> right. that's what i heard. a condition most of us could ever imagine. >> in this connected day and age, what is it like to not use e-mail? can we all dream about that? the answer when we come back on "world news now." >> hmm. >> announcer: abc's "world news noúl >>> okay. so we all have our smartphones, our iphones, our nanos, everything else, right? all those electronic
think has the better skillset to move the economy forward? i think foreign policy matters. clearly look, an op-ed and then paul ryan saying what he said with laura engram is not by accident. it's purposeful. i think they wind up coming back to the economy. >> that is the subject of the debate unless they go off topic. chris cizilla, see you later. thank you so much. >>> and foreign policy is, of course, a crushing issue for all of those with soldiers deployed and their families at home and three more americans among the dead after a suicide bomber attacked a military patrol today in khost, afghanistan. the bomber struck a group of afghan police and u.s. troops as they walked through a market. the taliban claimed responsibility. nbc's lester holt is in kabul where he's been reporting for the past week and a half as part of a special nbc news series on region and conflict. lester, you have been on the ground, what is your take away on the green on blue attacks and this suicide attack which is different, at least the taliban taking responsibility? >> well, andrea, it's really in some ways
. the evidence is this. we know the economy is slowing dramatically. we know income is down. and we know that buying power is down. that's over the last 3 1/2 years and bringing us up to the current state. if we have a second term and the president raises taxes, keeps regulation in place and keeps running up the massive debt. that's where the word recession comes in. current policies have failed to continue them into next year would possibly mean a recession in the year 2013. very significant with five weeks to go to the election. bill: the gdp is 1.3? that's like belgium. why are stocks up, stuart? >> reporter: that's a very good question. normally when the market heads south you -- normally when the economy heads south the market heads south. but ben bernanke is propping it up. martha: we have a jam packed show for you today. both candidates are hunkered down getting ready for wednesday night's debate in denver. new numbers show how many voters could still be persuaded. bill: disturbing details in fallout from operation fast & furious. new records of dozens of weapons linked to murders
Search Results 0 to 23 of about 24 (some duplicates have been removed)